Treasury spends Sh1.7bn on loan securing charges

Controller of Budget Margaret Nyakango

Controller of Budget Margaret Nyakango who has flagged Treasury for Sh1.657 billion paid to secure future borrowing.

Photo credit: File | Nation Media Group

The Controller of Budget (COB) has flagged Treasury for Sh1.657 billion paid to secure future borrowing, saying the loans should be cancelled to ease the debt load on taxpayers.

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